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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 11/28/2017 | A | 5,109 | (2) | (3) | Common Shares | 5,109 | $ 0 | 5,109 | D | ||||
Performance Stock Units | (4) | 11/28/2017 | A | 25,544 | (5) | (6) | Common Shares | 25,544 | $ 0 | 25,544 | D | ||||
Stock Options (right to buy) | $ 7.7 | 11/28/2017 | A | 11,634 | 05/24/2020 | 11/28/2027 | Common Shares | 11,634 | $ 0 | 11,634 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
SCHUSTER SUSANNE 7301 OHMS LANE SUITE 600 EDINA, MN 55439 |
VP Internal Audit |
/s/ Jill Barnett, attorney-in-fact | 11/30/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Each Restricted Stock Unit represents a contingent right to receive one share of STKL common stock. |
(2) | The Restricted Stock Units vest in three equal annual installments beginning on May 24, 2018. |
(3) | The Restricted Stock Units do not have an expiration date. |
(4) | Each Performance Stock Unit represents a contingent right to receive one share of STKL common stock. |
(5) | The Performance Stock Units will vest, if at all, on May 24, 2020 based on meeting the following stock performance conditions for 20 consecutive trading days: one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $11.00, one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $14.00, and one-third of the Performance Stock Units eligible to vest upon achieving a stock price of $18.00. |
(6) | The Performance Stock Units do not have an expiration date. |